Bitcoin Bullish ProjectionRed lines: resistance levels
Green lines: support range
Yellow Dashed: Range that I believe will make the bounce / reversal
VPVR on the left for better display of resistance / support levels
Circled points: Similarities of L shape formations where Bullish Rally followed.
Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.
Bitcon
I'm a bear🐻🐻😛Hi guys
As you can see in the picture, 45 is one of the most important levels of bitcoin, which could not hold on to it. So its failure may be fraudulent.
And we're back below 45 now. The red trend line is very important. And we may go down to that level.
But I have drawn the scenario. It may move in a different way, but in general I still see the number 30 . See my previous analysis.
what is your opinion?
BTC Potential HTF Pathways-Correction Mode into long termBITSTAMP:BTCUSD we have been jolting past few days though overall bigger picture is still bright with some ups and down on the way. its a long term chart and may take few month or week to develop. we have not yet tested 29k sub since June-21 and for now it looks to provide an opportunity to do so.
Plz do not call me a bear the long term retest has to take place sometime .
happy trading
BTCUSDRSI:
Oversold on Daily
Coming down from an oversold area on the 4 hour
Macd:
Daily and 4 hour matching sides and looking for a momentum change
Looking for 30% retracement of previous low on daily. May take a while but want to see if we can make money on the pullback.
What do you think?
"Dying to Live"
BTC is in the decision Making progressBitcoin tried to break the $39,400 resistance level but failed to stay above it. In order for Bitcoin to return to the uptrend, this range is the first barrier it must cross. Bitcoin support levels have not changed yet and are in the range of $38,200 and then the support level of 36,300. Also, in the 4-hour time frame, Bitcoin was able to maintain its dynamic support, which if broken, could easily have a sharp drop. We have considered two scenarios in the chart, and now Bitcoin is in the process of deciding to implement one of the two scenarios. From tomorrow, Monday, we will see some movement in the market because global markets will open.
New Bullish attempt expected for Bitcoin in MarchThe RSI downtrend is in play but the range is getting thinner and soon the buyers will step in to make an attempt to break it and than re-test it.
I don`t have the crystal ball but no trend lasts forever for sure. Expecting a volatile end of February and bullish beginning of March.
Weekend Drama#BTC Trading in tight 30M range. While Price is hovering just above 3D Demand . There are some untapped POI above. For now ,trying to Play the range, Until there is a clear breakout. Biasness is short term bullish While price try to tap $42000. Dont expect a break out on weekend. It will be sideways while whales engineer liquidity. Looking of range lows and equal highs to be taken out before a big move.
BTC Forecast: Breaking above $46000 will push higher BTC could not manage its near-term and trendline resistance level of the $46000 price zone for several days. Several times BTC price tested its trendline resistance.
But the market already broke and stabilized its strong trendline resistance a few days ago. So, technically it is supposed to up. It is just a matter of time after breaking above $46000 BTC will go up.
Breaking above $46000, our first target to the upside is $52000, the next target is $59000, and the final target to the upside is $68500.
On the other hand, as long as BTC is above its strong trendline support, it won't change its uptrend. But in case it drops, BTC may test first of all its near-term support level of $39300 and strong support level of $30000. But it will be tough to test $30000 very soon without complicated causes.
Alert on BTC - Trendchanel brokenThe Price on BTC just broke the long-term downward trend. Another Bull run can be expected.
________
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
BITCOIN AND PATTERN UPDATE! BTC - Bitcoin is playing between our symmetrical triangle which is most of the times a bearish pattern. Up to now bounced from the top of the triangle 2 times and we will have soon the 3rd try. Everytime that fails to break above is becoming weaker and that can cost us a retest at 33.5-34,5k $. Be patient and wait for a clear break! Is to risky to trade now without any confirmations!
@CRYPTODROU
Be patient
I predict end of this bear period finally and officially long seeing BTC price action I predict that yesterdays fakeout was last attempt to shake out long traders also this sell off was due to kazakhstan mining issues which will be temporary - they cant stay without internet forever so I strongly predict start of new bull run from today
enter long at 42200 or right now but ideally I want few hours BTC trade above 42700 go to around 43000 or more and then nice retest but maybe its too much to ask
but that would be ideal long anyway, tomorrow I post other ideas lets see how it goes there are many other coins so opportunity will be there always
next day is critical if BTC stay above 43000 its good sign
I predicted at december crash and I was spot on :)
Now I predict next bull run because i saw massive on chain data which confirm that 20000 BTC was moved out of exchnages so supply is less and price should go up
nothing is 100% though we always talk about probabailities simply probabaility now is in favour of next bull run I would say around solid 80% onchain data technical and fundamentally temporary issues with kazakhstan mining should come to end very soon
I dont have any fancy lines just pure logic and price action
If price dont hold for many hours it could be fake out ideally few hours or day it stay above 43000 and tghen retest 42700 42200 ideally it should go to around 44000 and then retest
so entry 42700 42200 SL 39400 TP 68900 :)
Bitcoin5 times this month price has tested $49200. Not looking for a homerun. However, I want a little less than 338% retracement of the previous high relative to the 4 hour timeframe. My stop loss is $45400.
Not Advice
"It's not about being right as much as it about being smarter than your last trade."
BTC IS DECIDING! OR TRYING TO DO SOMETHINGAfter rejected from yesterdays pivot point, it was on the road to 42K this what we see on the 1H timeframe chart, may be a consoladition. However, if we look at shorter timeframe like 5minute timeframe we see yesterday price was rejected from S1 and came to retest todays pivot. Like i draw on the 1H chart we have an upward trendline. if it breaks we expect to fall another trendline. We expect bounce up and come back to retest pivot in the 5minute chart.
for now, in all charts we see a litte consolidation. our support is 48200 is being very strong but our Major support is 47500! if price goes down from 48200 expect 47500 and testing pivot line on the 5 minute chart. After 47500 highly chance we'll see 42K.
Price is going up and down between 48200 and 48600 this range is called consolidation range. upward momentum and break will take us to R1(Resistance1) but downward momentum will take us to S1.
CONCLUSION:
PIVOT 50800
R1:60600
S1:42000
Minor Resistance:48600-700 49500!
Minor Support:48200 47500!
Falling from 47500 is critical you can open short its your decision. upward move from 49500 probably will lead to 54K-52K!
its all from my experience!!! do your own research and analysis. these are just an idea. do not trade because of my words!
THE FISH ONLY SEES THE BAIT, NOT THE HOOK!! SELL BTCUSDBitcoin is still on it's way to $52K and it will likely get there in the next couple days because we've recently had a bearish corrective structure whic the market has just broken and now we could see a little pullback before the bears come in!!
Bitcoin 45min Chart Finds Support At 0.236 FIB and 314ma
As I drew the FIB we are (maybe) finding support on the 314ma and 0.236 FIB level. We shall se.
The 45min chart has a way of "grabbing" the short term price action of Bitcoin. Can always look at a good amount of time if you have a nice monitor and strong GPU with the 45min.
314ma isn't shown here, but is right at 0.236 FIB.
Bitcoin New ATH in Sight#bitcoin ended the week with its highest weekly closing candle ever. The daily closed with a hammer. Today's candle triggered a new long. All of this on the heels of the ProShares bitcoin futures ETF, BITO, launching this week. The perfect storm to take BTC to new all-time highs.
Always use a stop loss when trading.